MongoDB, Inc. (NASDAQ:MDB) Shares Purchased by Tidal Investments LLC

Tidal Investments LLC lifted its position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 76.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,859 shares of the company's stock after acquiring an additional 3,415 shares during the quarter. Tidal Investments LLC's holdings in MongoDB were worth $2,125,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in MDB. Nisa Investment Advisors LLC grew its stake in shares of MongoDB by 3.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,090 shares of the company's stock worth $295,000 after purchasing an additional 40 shares during the period. Taylor Frigon Capital Management LLC boosted its holdings in MongoDB by 0.4% during the second quarter. Taylor Frigon Capital Management LLC now owns 9,903 shares of the company's stock worth $2,475,000 after buying an additional 42 shares in the last quarter. Tanager Wealth Management LLP grew its position in MongoDB by 4.7% during the third quarter. Tanager Wealth Management LLP now owns 957 shares of the company's stock worth $259,000 after buying an additional 43 shares during the period. Fifth Third Bancorp increased its holdings in MongoDB by 7.6% in the second quarter. Fifth Third Bancorp now owns 620 shares of the company's stock valued at $155,000 after buying an additional 44 shares in the last quarter. Finally, Rakuten Securities Inc. lifted its position in shares of MongoDB by 16.5% during the 3rd quarter. Rakuten Securities Inc. now owns 332 shares of the company's stock valued at $90,000 after acquiring an additional 47 shares during the period. 89.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MDB has been the topic of several recent research reports. Bank of America boosted their price objective on shares of MongoDB from $300.00 to $350.00 and gave the stock a "buy" rating in a research report on Friday, August 30th. JMP Securities reaffirmed a "market outperform" rating and issued a $380.00 price target on shares of MongoDB in a report on Wednesday, December 11th. Wedbush upgraded shares of MongoDB to a "strong-buy" rating in a research report on Thursday, October 17th. Loop Capital lifted their price objective on MongoDB from $315.00 to $400.00 and gave the stock a "buy" rating in a research report on Monday, December 2nd. Finally, KeyCorp upped their target price on MongoDB from $330.00 to $375.00 and gave the company an "overweight" rating in a research note on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $365.07.

MongoDB Stock Performance

Shares of MDB stock traded down $0.53 during mid-day trading on Tuesday, reaching $265.10. 1,749,500 shares of the company were exchanged, compared to its average volume of 1,541,375. The business's 50 day simple moving average is $293.29 and its 200 day simple moving average is $267.30. The company has a market capitalization of $19.58 billion, a P/E ratio of -97.55 and a beta of 1.17. MongoDB, Inc. has a fifty-two week low of $212.74 and a fifty-two week high of $509.62.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.68 by $0.48. The business had revenue of $529.40 million for the quarter, compared to analysts' expectations of $497.39 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The company's quarterly revenue was up 22.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.96 earnings per share. On average, analysts forecast that MongoDB, Inc. will post -2.29 EPS for the current year.

Insider Activity at MongoDB

In other MongoDB news, CAO Thomas Bull sold 154 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total value of $39,462.50. Following the sale, the chief accounting officer now directly owns 16,068 shares of the company's stock, valued at $4,117,425. This trade represents a 0.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the company's stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $290.31, for a total transaction of $1,451,550.00. Following the transaction, the chief financial officer now owns 80,307 shares of the company's stock, valued at $23,313,925.17. This represents a 5.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,600 shares of company stock valued at $7,611,849 in the last quarter. Insiders own 3.60% of the company's stock.

About MongoDB

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.